Opinion of Counsel to the Partnership Sample Clauses
The 'Opinion of Counsel to the Partnership' clause requires that the partnership obtain a formal legal opinion from its counsel on specific matters, typically related to the validity, enforceability, or compliance of partnership actions or documents. In practice, this means that before certain transactions or decisions are finalized—such as issuing new partnership interests or amending the partnership agreement—the partnership must secure a written statement from its legal advisors confirming that the action is legally sound. This clause serves to protect the partnership and its members by ensuring that important decisions are vetted for legal compliance, thereby reducing the risk of future disputes or regulatory issues.
Opinion of Counsel to the Partnership. On the date of this ATM Equity OfferingSM Sales Agreement, the Agents shall have received the favorable written opinion or opinions of ▇▇▇▇▇ ▇▇▇▇▇ L.L.P., or other counsel reasonably acceptable to the Agents, as counsel to the Partnership, dated such date, to the effect set forth in Exhibit A hereto and to such further effect as the Agents may reasonably request.
Opinion of Counsel to the Partnership. On the Commencement Date, the Agents shall have received the favorable written opinion or opinions of each of (i) Holland & ▇▇▇▇ LLP, (ii) ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ & Finger
Opinion of Counsel to the Partnership. (i) On every Representation Date, the Agents shall have received the favorable written opinion or opinions of ▇▇▇▇▇▇ & ▇▇▇▇▇▇ L.L.P., counsel to the Partnership, dated such date, to the effect set forth in Exhibit A hereto and to such further effect as the Agents may reasonably request.
(ii) On every Representation Date, the Agents shall have received the favorable written opinion or opinions of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, general counsel of GP LLC, dated such date, to the effect set forth in Exhibit B hereto and to such further effect as the Agents may reasonably request.
Opinion of Counsel to the Partnership. The Managers shall have received, on each Representation Date, an opinion of ▇▇▇▇▇ ▇▇▇▇▇ L.L.P., outside counsel for the Partnership, dated such date and addressed to the Managers, to the effect set forth in Exhibit C hereto.